Rental yields›Yorkshire and The Humber›Wakefield
Rental yield in Wakefield
Wakefield ranks 6 of 15 areas in Yorkshire and The Humber for rental yield, at 4.9% gross.
Wakefield sits in the upper half for rental yield in England and Wales, a bit above the 4.4% typical figure across all 316 areas.
Over the past year, average prices in Wakefield rose 4.1% and average rents rose 5.9%.
Average gross yield
4.9%
#100 of 316 areas
Average price
£199,347
▲ 4.1% past year
Average rent
£806/mo
▲ 5.9% past year
Privately rented
14.9%
of 153,075 homes
Average rent by size
1 bedroom
£576/mo
↑ +6% / yr
2 bedrooms
£726/mo
↑ +6.1% / yr
3 bedrooms
£869/mo
↑ +6.3% / yr
4+ bedrooms
£1,217/mo
↑ +5.4% / yr
Average private rent by number of bedrooms, across new and existing tenancies. ONS Price Index of Private Rents (August 2026).
Council tax bands (2026-27)
Band A
£1,531
Band B
£1,787
Band C
£2,042
Band D
£2,297
Band E
£2,807
Band F
£3,318
Band G
£3,828
Band H
£4,594
Average annual bill for the area, including police and other precepts (MHCLG and Welsh Government, 2026-27). Community precepts vary, and the band is set by the property, so check the exact band on gov.uk.
How it compares
Deprivation (IMD 2025)
215 neighbourhoods
17% of Wakefield's neighbourhoods are in England's most deprived 10%. The typical one sits in the more deprived half of the country.
Fifths of England, most to least deprived (MHCLG IMD 2025). It shifts street by street, so check a specific postcode.
No Article 4 areas for Wakefield appear in the national planning dataset yet, but coverage is incomplete and directions can be council-wide, so check the exact postcode before planning an HMO.
Check on the Article 4 map →Work out the yield on a specific property
Pre-filled with the Wakefield average. Change them for a real property.
That is right on the Wakefield average of 4.9%. Add costs for a net estimate.
Nearby areas
Areas with a similar yield
Common questions
Is Wakefield a good place to buy to let?
It is around the middle for rental income, at a 4.9% average gross yield. Whether it works depends on the specific property, so always run the actual numbers.
Are rents rising in Wakefield?
Over the past year, average rents in Wakefield rose 5.9% and average prices rose 4.1% (HM Land Registry and ONS, to August 2026).
Is there rental demand in Wakefield?
Rent movement is the best free proxy for tenant demand, and average rents in Wakefield rose 5.9% over the past year (ONS), which points to tenants competing for available stock. Still ask local letting agents about typical void periods before committing to a buy-to-let there. For the size of the market: at the 2021 census, 14.9% of Wakefield's 153,075 households rented privately (21.7% social rented, 62.6% owner occupied).
What is the average rent for a 1, 2 or 3 bedroom property in Wakefield?
As of August 2026, average monthly rents in Wakefield by property size are £576 for a 1 bedroom property, £726 for a 2 bedroom property, £869 for a 3 bedroom property, £1,217 for a 4 or more bedroom property (ONS). The all-size average is £806 a month.
How much is council tax in Wakefield?
In 2026-27, the average Band D council tax in Wakefield is £2,297 a year including police and other precepts. Bills scale with the property's band: from £1,531 for Band A up to £4,594 for Band H. Community precepts vary within the area, so treat these as area averages and check the exact band and bill with the council.
How deprived is Wakefield?
On the English Indices of Deprivation 2025, 17% of Wakefield's 215 neighbourhoods are in England's most deprived 10%, and 3% are in the least deprived 10%. The typical neighbourhood is in decile 4 of 10, where 1 is most deprived. Deprivation shifts street by street, so check the exact postcode before you offer.
What is a good rental yield in the UK?
As a rough guide, under 4% is low, 5 to 6% is typical, and above 6.5% is high. Wakefield is at 4.9%.
Gross yield = annual rent divided by average price. Average price: HM Land Registry UK HPI (July 2026). Average rent: ONS Price Index of Private Rents (August 2026). Deprivation: MHCLG English Indices of Deprivation 2025. Regions: ONS. Local-authority averages across all property types, indicative only. Contains public sector information licensed under the Open Government Licence v3.0. Not investment advice.